Continuing Education Requirements
Registered personnel must participate in continuing education programs. These programs have two components: a regulatory element and a firm element.
The regulatory element requires that all registered persons complete a computer-based training session within 120 days of the person’s second registration anniversary and every three years thereafter. The content of the regulatory element is determined and provided by FINRA and is appropriate to the class of the registered representative or principal. If not completed within the prescribed period, that person’s registration will be suspended until it is completed. Note that retaking the regulatory element may also be imposed as a sanction in a disciplinary action or when an associated person is the subject of a statutory disqualification or has had a fine or suspension imposed.
A dealer can administer the regulatory element to its own associated persons as long as it implements an in-firm program that meets MSRB requirements.